A friend of mine used to be a student of MAIT and he heard that it was possible to migrate from one college to another. He was told that for moving from one college to another, you have to have a ‘no objection certificate from the college you are migrating from and the college you are migrating to. Good grades are also mandatory for moving to and from colleges.
In addition to these, you will also have to fill forms after completion of the first year on the main website of the college. Of course, you will have to submit the form to the college you are currently in.
Hope this clears some doubts.